Magpie Corporation Uses the Total Cost Method of Product Pricing

question 151

Multiple Choice

Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% return on invested assets of $700,000.​ ​
-The cost per unit for the production and sale of Magpie's product is

• A)$12.11
• B)$12.88
• C)$15.00
• D)$13.50

Understand how and when to use the STAR technique in responses.

Grasp the significance of follow-up communication after an interview.

Realize the importance of appearance, nonverbal cues, and eye contact in online interviews.

Understand the role and preparation of references in job applications.

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Definitions:

Consumer Credit

A type of personal loan provided to individuals to purchase goods and services, repayable over time with interest.

Consumer Protection Legislation

Laws designed to protect the rights and interests of consumers by ensuring fairness and honesty in the marketplace.

Butchers

Professionals specialized in cutting, trimming, and preparing meat for sale or consumption.

Manufacturing Defects

Flaws in a product resulting from the manufacturing process that make it dangerous or unfit for its intended use.